Alice Han

Now, after this national security strategy document, as well as this pivot that we're seeing at the very start of this year from the Trump administration, a more muscular, aggressive pivot, is there a risk that a lot of those business deals, contracts, investments are at jeopardy beyond Venezuela?

You know, when I think about China's strategic reserves and stockpiling, we've seen record oil barrels stockpiling.

Is it fair to say that in this environment where there's so much uncertainty in Venezuela, in Russia, in Iran...

And China is a huge consumer of a lot of these fossil fuels that we would see more stockpiling in 2026.

What is the right reaction function that we'll see out of Beijing in response to a lot of this geopolitical uncertainty centered around commodities and energy?

One very, very quick follow-up question about the CNY.

There's been a lot of discussion about Petro-Yuan, that more trade will be denominated in CNY.

What's your feeling and assessment of the future of CNY being used in a lot of this trade invoicing and settlement for petrol and energy commodities?

Great.

Thanks so much.

Thank you both very much.

Okay, let's take one last quick break.

Stay with us.

Welcome back.

What if the fastest way to lose weight meant giving up your phone, your freedom, and even the choice of when to eat?

As obesity surges across China, thousands of adults are voluntarily checking into so-called fat prisons.

style boot camps that promise rapid weight loss through rigid diets, non-stop exercise and constant surveillance.

With more than half of Chinese adults now overweight and health care costs soaring, Beijing is treating obesity like a systemic crisis that requires discipline, targets and institutional control, not just personal willpower.

At the same time, China is racing ahead on another front, flooding the market with GLP-1 weight loss drugs, not just for humans, but now also for pets, turning obesity into both a governance challenge and a massive commercial opportunity.

From fenced-in boot camps to injectable drugs for cats, China's approach raises a bigger question.